What was the total number of All States M.E.D. outlets at the end of 2023?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| F 1 1 | 2021 | 0 | 0 | 0 |
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 1 | 1 | |
| 2021 | 1 | 1 | 0 | |
| Company-Owned | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 1 | 0 | |
| 2021 | 1 | 1 | 0 | |
| Total Outlets | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 2 | +1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–43)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the total number of outlets at the end of 2023 was 2. This total comprises both franchised and company-owned outlets. Specifically, there was 1 franchised outlet and 1 company-owned outlet.
For a prospective franchisee, this indicates the current scale of All States M.E.D.'s operations. The relatively small number of existing outlets could mean that the brand is still in its early stages of development, offering potential opportunities for growth but also presenting risks associated with a less established franchise system.
It's important to note the net change in outlets during 2023. The total number of outlets increased by 1, with the franchised outlets increasing by 1 and the company-owned outlets remaining the same. This information can be useful for understanding the recent growth trajectory of All States M.E.D. and the relative contributions of franchised versus company-owned locations to that growth. A potential franchisee should further investigate the reasons behind the changes in outlet numbers to assess the stability and expansion potential of the franchise.